BSECompany Update6d ago · 28 Jul 2026, 03:29 pm
Vivro Financial Services Private Limited ("Manager to the Offer") has submitted to BSE a copy of Public Notice for the attention of the Public Shareholders of Lippi Systems Ltd ("Target Company").
Lippi Systems Ltd-$ · 526604
✦ AI SummaryFundraise
Lippi Systems Ltd has announced an open offer for the acquisition of up to 33,82,231 equity shares from public shareholders, representing 25.05% of the expanded share capital. The offer is being made by Vivro Financial Services Private Limited on behalf of the Acquirers.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Lippi Systems Ltd-$ - 526604 - Updates on Open Offer
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PUBLIC NOTICE FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF
LIPPI SYSTEMS LIMITED
Registered Office: 601 & 602, 6th Floor, Shaligram Corporates, Nr. Dishman House, Iscon-Ambli Road, Ahmedabad,
380058 Gujarat, India | CIN: L22100GJ1993PLC020382 | Tel. No: 079-35335608/35219264 |
Email: cs@lippisystems.com | Website: www.lippisystems.com
OPEN OFFER FOR THE ACQUISITION OF UP TO 33,82,231 (THIRTY THREE LAKH EIGHTY TWO THOUSAND TWO HUNDRED
THIRTY ONE) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ?10/- (RUPEES TEN ONLY) EACH (“EQUITY SHARES”)
REPRESENTING THE ENTIRE PUBLIC SHAREHOLDING CONSTITUTING 25.05% (TWENTY FIVE POINT ZERO FIVE
PERCENTAGE) OF THE EXPANDED SHARE CAPITAL OF LIPPI SYSTEMS LIMITED (“TARGET COMPANY”) FROM THE PUBLIC
SHAREHOLDERS BY VINESH SHIVJI DHOLU (“ACQUIRER 1”), JAGDISH SHIVJI DHOLU (“ACQUIRER 2”), SHIVJI KARAMSHI
DHOLU (“ACQUIRER 3”), JAGRUTI VINESH DHOLU (“ACQUIRER 4”), PARUL JAGDISH DHOLU (“ACQUIRER 5”) (ACQUIRER
1, ACQUIRER 2, ACQUIRER 3, ACQUIRER 4 AND ACQUIRER 5 ARE COLLECTIVLY REFFERED AS “ACQUIRERS”) PURSUANT
TO AND IN COMPLIANCE WITH REGULATION 3(1) AND 4 READ WITH OTHER APPLICABLE PROVISIONS OF SEBI (SAST)
REGULATIONS (“OPEN OFFER” OR “OFFER”).
This public notice (“Notice”) is being issued by Vivro Financial Services Limited, the Manager to the offer (“Manager to the
Offer”), for and on behalf of the Acquirer.
1. This is to bring to the notice of Public Shareholders that the dispatch of Letter of Offer to the Public Shareholders of Lippi
Systems Limited was completed on July 11, 2026 through email and on July 13, 2026 through speed post. Those Public
Shareholders who have not received the Letter of Offer through email or speed post may download the same from website of
SEBI at www.sebi.gov.in, website of BSE at www.bseindia.com or website of the Manager to the Offer at www.vivro.net.
2. Public Shareholder having any queries regarding Open Offer or for requirement of physical copy of LOF may contact
Registrar to the Offer or Manager to the Offer.
Registrar to the Offer
Cameo Corporate Services Limited
Address: Subramainan Building No.1, Clubhouse Road, 600002 Chennai, Tamilnadu, India.
CIN: U67120TN1998PLC041613 | Tel No.: +91-44-2846 0390/4002 0700
Website: cambridge.cameoindia.com | SEBI Reg. No.: INR000003753
Contact Person: K Sreepriya | Email: priya@cameoindia.com
Investor Grievance Email: investor@cameoindia.com
Issued by the Manager to the Offer on behalf of the Acquirer
Vivro Financial Services Private Limited
Address: Vivro House, 11 Shashi Colony, Opp. Suvidha Shopping Centre, Paldi, Ahmedabad -
380007. Gujarat. India. | Tel No.: 079-4040 4242 |
SEBI Reg. No. MB/INM000010122 | Website: www.vivro.net
Email: investors@vivro.net | Contact Person: Shivam Patel
Capitalized terms used but not defined in this public notice shall have the meaning assigned to such terms in the LOF.
For and on behalf of the Acquirers:
Sd/- Sd/- Sd/- Sd/- Sd/-
Vinesh Shivji Dholu Jagdish Shivji Dholu Shivji Karamshi Dholu Jagruti Vinesh Dholu Parul Jagdish Dholu
(Acquirer 1) (Acquirer 2) (Acquirer 3) (Acquirer 4) (Acquirer 5)
Date: July 27, 2026
Place: Ahmedabad, Gujarat.
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